Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contributors in Contracts

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Contracts

Primary obligation

Law; Contracts

Central obligation arising from the essential purpose of a contract or transaction, and from which other (secondary) obligations arise.

Priced bill of material

Law; Contracts

Price breakdown of the all components of an item, with their unit and total prices.

Primary liability

Law; Contracts

Direct obligation, or a liability ensuing from one's direct responsibility.

Legal doctrine that the right to rescission of a contract is lost if the contracting parties cannot be restored to their respective positions before the contract was entered into. In such cases the ...

Restrictive specification

Law; Contracts

Unique or non-standard specification that eliminates the possibility of competitive bidding for a commodity, good, or service.

Responsible bidder

Law; Contracts

Contractor, supplier, or vendor, qualified on the basis that it (1) has adequate financial resources to perform a contract, (2) is able to comply with the associated legal or regulatory requirements, ...

Restricted funds

Law; Contracts

Grants or donations that require that the funds be used in a specific way or for a specific purpose. They can be considered a contract between the donating party and the receiving party. Restricted ...